This Industrial Property is no longer advertised on LoopNet.com.

114 S Lafayette St
North Liberty, IN 46554
J Rayl Sale -Leaseback | North Liberty IN · Industrial Property For Sale

Investment Highlights

  • J. Rayl Transport 20-Year Absolute NNN Truck Terminal Sale-Leaseback in North Liberty, Indiana (South Bend-Mishawaka MSA)
  • 10% Rent Increases Every 5 Years Provides NOI Growth Over Term & Inflation Hedge
  • Corporate Guaranty Backed by Company with 35-Year Operating History, Substantial Assets, and Sizeable Annual Revenue
  • Offering Includes Approx. 3.9-Acre Site with 18,540 RBA of Office, Garage, Maintenance & Storage Buildings
  • Low Rent Factor - $4/SF NNN Annually on the Building RBA Equating to $23,000/Acre Annually
  • Long-Term 20-Year Initial Lease Term & Six, Five-Year Options Thereafter with Continued Rent Increases

Property Facts

Property Type
Industrial
  • Industrial Distribution
  • Industrial Truck Terminal
Building Class C
Lot Size 3.90 AC
Rentable Building Area 22,480 SF
No. Stories 1
Year Built 1956
Tenancy Single
Zoning C - Commercial

Amenities

  • Air Conditioning

Utilities

  • Gas
  • Water
  • Heating

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 71-12-33-102-009.000-035
  • 71-12-33-102-011.000-035
  • 71-12-33-102-012.000-035
Land Assessment
$62,000
Improvements Assessment
$184,500
Total Assessment
$246,500
  • Listing ID: 27033976

  • Date on Market: 11/3/2022

  • Last Updated:

  • Address: 114 S Lafayette St, North Liberty, IN 46554

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